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#Post#: 26--------------------------------------------------
Subordination to a general leader
By: Rasel Rasel Date: September 12, 2023, 6:25 am
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Growth: when sales are increasing exponentially and the company
seeks to increase market share and gain customer preference.
Maturity: Sales may be at an all-time high, but the growth rate
begins to decline. It is the most competitive moment of the
cycle, as competitors may present similar products. It is
important to consider any modifications or improvements to the
production process to achieve a competitive advantage. Decline:
this is the final stage, when sales begin to fall, either
because the market is saturated or because consumers are
switching to a different type of product.
Switching to less expensive production methods and cheaper
markets can be a way around the situation, which is often
unavoidable. Conclusion: why invest in marketing? You learned in
this article why it is important to invest in marketing in any
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company, whether large or small. The
research carried out during the preparation of the marketing
plan helps your business understand the customers, the market,
the industry and the products. After all, your company can only
be successful if it keeps customers motivated to buy what you
offer. You may have the best product ever invented or the best
service solution imaginable, but without marketing, no one will
know about your work. The promotional component of marketing is
critical to getting the word out to your target customers that
you have something beneficial to offer and a great value.
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Finally, it’s worth noting that not all marketing efforts
produce great returns. But, when applied well, they increase
revenue, profits and services that help with customer retention
and loyalty. Plus, tracking customer service and relationship
monitoring helps you convert one-time buyers into long-term,
profitable relationships. If you don't know Facebook's key
metrics, chances are you're wasting time and money and still not
achieving the results you want. To explain why this happens, I
will tell you a situation that happened to me.
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